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Post by solomon92111 on Oct 16, 2004 20:55:01 GMT -5
I'm clearly a new member to CT.com and have been watching this stock since I first read your favorable posts about a month ago. From my reading up on this company, it looks like the problem is cash flow. They apparently own a very attractive mica deposit, but from what I can tell, it remains fairly inactive - hence no influx of cash. I've found very little out there on this company and am just curious what it is that keeps all of you excited about this one? What do you think is the critical must happen event that would trigger this stock to run? Perhaps a better question, what is keeping it from doing so? As I said, I'm fairly new to this site and to investing in general, but you folks have sparked my interest in this one and I'm trying to figure out how to learn more. THanks for any thoughts! Blessings to all.
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Post by stormin on Oct 16, 2004 21:29:11 GMT -5
I agree with you solomon...I even emailed CT with my concerns, but got the brush off. I guess we are just "ignorant" and not able to see the true value of the company. Having said that, I did buy a few shares because of the intrinsic value. If the owner can get financing then maybe the stock would do something, but I don't see how with no money. Best to you.
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Post by WWJDthrume on Oct 18, 2004 7:13:21 GMT -5
Hi Stormin, Did you catch CT's morning commentary?
He is a very busy person and getting ready to go to Uganda this week.
If you look back over the posts about this company and do that research that should get you started.
Money will tend to find money. AZMN has good deposits with plenty of potential. They should have no trouble arranging for the funds to mine.
Almi is a mining stock that reminds me of AZMN. It's price had sunk lower than what it seemed it should have. It recently ran up past .32 and is .305 this AM. I think I sold at .20 or so in my lack of patience.
In investing time is your friend. If you are concerned about their lack of funds keep your investment low or pass on the investment. If you are looking for a quick turn around time, this may not be the vehicle to do that in. IF you are looking for what looks to be a good solid investment with plenty of upside this could be it.
If they did have to issue more stock to get the funding for mining then the price could realistically go down but liquidity would increase and possibly interest too. That would provide an additional opportunity to invest. Another possibility is a private stock purchase to cover those costs or possibly a loan against stock.
I am not saying that will happen. I have no idea if it will or won't. I do know that has been raised by a few posters. This company has been through a poor financing deal in the past (with Cornell) and survived it. It is better off for having been through that as a young company and will not repeat that mistake again. That in and of itself is a good sign. I am optimistic that this will turn out well given the necessary ingredient from the investors. T-I-M-E. IMO-Debi
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